Insurance ERP software is a comprehensive platform that integrates core insurance processes such as policy management, claims processing, customer onboarding, renewals, accounting, and compliance into a unified system. It helps insurers and agents manage operations more efficiently.

Insurance ERP is suitable for insurance companies, brokers, TPAs, and individual agents. It is designed to streamline workflows, improve client communication, and ensure regulatory compliance across all levels of the insurance industry.

Key features include policy issuance and renewal, claims lifecycle management, agent and commission tracking, customer self-service portals, document management, accounting integration, and compliance with local insurance regulations.

Yes. Modern ERP platforms like Odoo can integrate with CRMs, accounting tools, HRMS, payment gateways, and customer portals through APIs or custom connectors. This ensures smooth data flow and reduces redundancy.

Globalteckz offers both cloud and on-premise deployments depending on your needs. Cloud deployment is recommended for better scalability, security, and remote accessibility without high infrastructure costs.

Absolutely. Insurance ERP automates the entire lifecycle of a policy—from issuance to renewal. It also provides a structured workflow for claims registration, approval, settlement, and reporting, reducing manual errors and delays.

Yes. Insurance ERP includes built-in tools for regulatory compliance, audit tracking, and reporting aligned with IRDAI or other local insurance authorities. It can generate forms, declarations, and transaction logs required for inspections.

Pricing varies depending on the number of users, features, and deployment model. Basic systems start around ₹2 lakhs ($2,500), with enterprise-grade implementations ranging up to ₹10–15 lakhs ($12,000–$20,000). Open-source ERP like Odoo reduces li